22 THE SUN. 



are an inefficacious but sure forenmnei" of this result. The quicker 

 this change is made, the surer will be the chances of realizing par 

 upon the pi'esent plant. For a lesson and a warning, against what 

 might prove a possible and unexpected result, reference is made 

 to the present and former condition of Southern slaveholders. 

 Their i)lantations are unsaleable at ten per cent, of their former 

 valuation, and yet, they could not now be persuaded, did the law 

 allow it, to invest $50. in a Fall River operative,— -so much cheaper 

 is 'free' than slave labor. 



(3) Competition imder Co-ope7'ation.-' Again it vvill be noticed 

 that competition under co-operation is nut ab(jlislied as it is inider 

 communism and state socialism. But it is animated by a new idea 

 and directed into new channels. Under co-operation the problem 

 is solved how the fullest exercise of individual genius is wholly 

 compatible with the public good. While society gains in efficiency 

 and ecoiu)ray, individuals are preserved from lo-is. (yompetition, 

 as guided by the demand, builds up instead of bi'eaks down. Under 

 profit, society and individuals both alike pay the penalty, now all 

 parties are benefited. Under {)rofit the greatest trickster and the 

 longest purse survive ; under co-operation the most usefnl member 

 of society survives. 



(4) The Tariff. — Having now a free cui-reticy, all p(M)ples of tin; 

 globe and every climate, from Alaska to Mexico, c.mnot we com- 

 pete with England ? I think we can. and with New England, also. 

 For C()-oi)erat,ors will do their manufacturing on the spot where the 

 raw material is raised. Meanwhile, by pooling onr consumption, 

 we shall be able to share in the bonus ])aid to capital, for our ']iro- 

 tection.' Thus, is it seen, that co-opcia lion, without entciing (lie: 

 arena of politics or waiting for another presidentipl^electlon, out- 

 flanks the custom-house, and settl<!s the tarift" ((uestion in the inter- 

 est, alike, of /)(>th Fi-ctt Trader and rroeclionist. 



THllKK IN ONE. 



We now have consumption. iiistril)ution and prcxhu'tion, llic.vtore, 

 the bank, the farm ami factory. These three are one : they consti- 

 tute th(! thn-c sid(;s of tin; triangle to the (•onii)h!t(* reorgani/ation 

 of business and industry. VUc. pool is designed to make a complete 

 round of labor exchanges. The store, alone, would i>e of minor i>o- 

 portance, not n;acliing the hidden sprir)gs of usury. Then- is now 

 such coin])ei,i(,ion. and so little margin, tliat m )st of tliern fail. It 



